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The Latest Breaking News from Westpac

Westpac Announces 1 Million Buyback And Special Dividend

Westpac announces 1 million buyback and special dividend to enhance shareholder value amidst profit slump.

Australian shares rise as risk appetite returns

Australian shares rise as risk appetite returns

The ASX200 closed the day 0.6 per cent higher, with all sectors gaining ground, to finish the week 0.7 per cent higher.

Aussie shares rise as US Fed says rate hikes unlikely

Aussie shares rise as US Fed says rate hikes unlikely

The ASX200 has finished 0.2 per cent higher as investors took a dovish view of the Federal Reserve chairman's comments on interest rates.

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Jobs bright spot for consumers as economy teeters

Consumer sentiment has been tracking at low levels for two years and is showing few signs of material improvement.

Our life-saving aerial services deserve a better deal from governments

Letters: 'They are the salt of our country.'

Newcastle Herald

Meet Westpac Helicopter Rescue's new CEO

'It's about serving and supporting the community.'

Newcastle Herald

Woman drowns despite surfers' desperate rescue attempt at Pebbly Beach

Two surfers dragged her onto their boards and performed CPR.

The Canberra Times

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Australian shares gain ground after dovish RBA meeting

Australian shares gain ground after dovish RBA meeting

The ASX200 has finished up a third of a percentage point after the Reserve Bank moved to a more neutral stance on interest rates, dropping its tightening bias.

Repacholi blasts 'Sydney fat cats' over bank closure in double-barrel spray

Repacholi blasts 'Sydney fat cats' over bank closure in double-barrel spray

The region has been rocked by two branch closures.

Newcastle Herald

Westpac Cuts 132 Jobs Across Divisions

Westpac Cuts 132 Jobs Across Divisions

Westpac's job cuts highlight challenges in banking sector amid industry transformations and cost-cutting measures.

Dozens of Australian businesses have gender pay gaps above 50%, landmark data reveals

Dozens of Australian businesses have gender pay gaps above 50%, landmark data reveals

Data showing nearly two-thirds of workplaces have a pay gap that favours men is being published in the hopes of ending disparity

The Guardian - AU

Westpac Reports Decline in First-Quarter Profit

Westpac Reports Decline in First-Quarter Profit

Learn about Westpac's financial performance as its profit falls in the first quarter from the prior half-yearly quarterly average.

Australia's jobless rate hits two-year high

Australia's jobless rate hits two-year high

Fresh labour data is unlikely to shift the dial for the central bank despite the jobs market slowdown appearing a little ahead of schedule.

Westpac’s latest insider trading scandal shows corporate crime still pays

Westpac’s latest insider trading scandal shows corporate crime still pays

A $1.8 million fine has been doled out to Westpac for ‘unconscionable conduct’ that netted the bank $20 million, with a judge calling the punishment ‘risible’.

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Westpac Guilty of Misconduct in 2016 Rate Swap Deal

Australia's Westpac has been found guilty of misconduct in a 2016 rate swap deal by the country's financial regulator. Find out more about this case.

Westpac to pay millions after 'unconscionable conduct'

After being taken to court by the corporate watchdog, Westpac has been penalised for engaging in in unconscionable conduct in 2016.

Newcastle Herald

The incredible stories behind half-a-century of rescue helicopter

For 50 years, the buzz of the Westpac helicopter has brought comfort.

Newcastle Herald

Good look at what spurs sabre rattling

Maybe Lennon was 'a dreamer'.

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Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders want National Australia Bank to stop funding gas company Santos, which is trying to build the Barossa project off the NT coast.

Westpac borrowers 'coping well' with rates, inflation

The chairman and CEO of Westpac have told shareholders that the percentage of borrowers experiencing stress remains low.

The Guardian - AU

Stronger than expected budget position to fuel calls for cost of living relief, economists say

Majority of additional revenue disclosed in midyear budget update likely to be banked to avoid further stoking inflation

The Guardian - AU

Australia’s economy 2023 report: how it started v how it’s going

Stronger than expected population growth made inflation hardier than most experts predicted and property prices defied successive rate rises

David Van, call me ‘senator sixpack’

David Van, former Liberal now independent ‘senator sixpack’, chatted up women on his official Instagram account using terms such as ‘babe’, ‘hon’ and ‘darling’, and leading No campaigner Jacinta Nampijinpa Price knocked back requests for interviews from the ABC at least 52 times.

The Guardian - AU

Morning Mail: Coalition flies to Cop28, Westpac suffers major outage, UK nuclear site hacked

Customers lose access to accounts and cards after system update failure; conservative lobby groups fund trips by frontbenchers to Cop28

Westpac customers access online accounts after outage

Westpac customers have again been able to access their accounts after the bank said a "routine technology update" resulted in an online outage.

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